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Sovereign id has been a scorching subject in blockchain and cryptocurrency, particularly with the rise of the creator financial system. At present, there are two forms of digital identities. One is federated and centralized whereby knowledge is within the management of the service supplier. Self-sovereign digital id is usually cited as a human proper that may reclaim company utilizing blockchain know-how, however what frameworks exist that assist in governing it?
On this episode of NFT Steez met Marjorie Hernandez, the co-founder of LUKSO and The Dematerialized to debate the state of blockchain-based identities and “Common Profiles.” In response to Hernandez, sooner or later, “every part could have a digital id.”
Onboarding into the digital realm needs to be frictionless for sovereign “Common Profiles”
In the course of the interview, Hernandez defined the paradigm shift between centralized platforms to a extra “platform-less future” and harassed that customers should be answerable for their identities and creation on extra “agnostic platforms,” the place they’ll personal their mental property by way of “Common Profiles.”
Lukso’s integration of Common Profiles permits customers and creators to reclaim their identities and subject their IP in a symbiotic method between creator and person. In response to Hernandez, the Common Profile will be seen as a private working system (OS) whereby one can authenticate themselves, but in addition ship, obtain and create property.
As Hernandez places it, Common Profiles are:
“A Swiss Military sort instrument that’s serving so many functions for the person.”
Related: Web3 is crucial for data sovereignty in the metaverse
Blockchain-based identities in Web3
Understably, the emphasis of identity within Web3 began to spark up again when 2D profile pic (PFP) NFTs began to emerge. This surge was framed as a means to represent and identity oneself as well as a flex, or expression of ego. For some, their physical and social identities were traded for their newly adopted digital avatars.
However, Hernandez argues that while some perceive digital as masking one’s true self, she believes that in a “decentralized digital environment,” people will be emboldened “to move beyond these predispositions” and express one’s “true real self.”
The basis of Hernandez’ thesis is that blockchain-based identity is not only verifiable but gives users 100% control of their data, identity and IP.
When asked by a listener what communities should be doing to ensure the standards surrounding self-sovereignty and that users are no longer “consumers” but active co-participants in the ecosystem, Hernandez simply denoted:
“I think it’s just being co-creator, right? And you start building with it.”
To hear more on this discussion, be sure sure to listen to the full episode of NFT Steez on the new Cointelegraph Podcasts page or on Spotify, Apple Podcasts, Google Podcasts or TuneIn.
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